Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Hazloc Heaters
Copper Tip Energy Services
Copper Tip Energy
Hazloc Heaters


U.S. Raises Crude Production Growth Forecast for 2024


These translations are done via Google Translate
The U.S. Energy Information Administration (EIA) on Tuesday raised its forecast for U.S. domestic oil growth in 2024 by 90,000 barrels, but lowered its forecast for global oil production growth due to production cuts from OPEC+.

U.S. crude oil production will rise by 260,000 barrels per day (bpd) to 13.19 million bpd this year, the EIA said in its Short-Term Energy Outlook (STEO). It had previously projected that crude production would rise this year by 170,000 bpd.

Production notched an annual record of 13.21 million bpd in 2023.

U.S. crude oil production is expected to rise by 460,000 bpd to 13.65 million bpd in 2025, EIA said.

ROO.AI Oil and Gas Field Service Software
Tarco | Delivering Engineered Solutions
GLJ

U.S. total petroleum consumption will rise by 200,000 bpd to 20.4 million bpd in 2024, in line with previous forecasts, but will rise to 20.6 million bpd in 2025, a 100,000 bpd rise from the EIA’s previous forecast.

(Reporting by Laura Sanicola and Georgina McCartney Editing by Marguerita Choy)



Share This:



More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE